Two-Bedroom Duplex
For Sale
$1,200,000
361 Manhattan Avenue A, New York City, NY 10026
Duplex condo residence with three full bathrooms, private outdoor space, and townhouse-style separation across two levels.
Property Size1,435 SF
Price / SF$836.24
Days on Market8
Property Features for 361 Manhattan Avenue A
General Information
Standard status
Active
Size
1,435 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,204
Building Details
Building Size
1,435 SF
Year Built
1887
Listing Agency:
Compass
Listed By:
Chelsea Hale
(954) 895-7375
Source:
Carlinwright
Added: Sep 17
Changed: Sep 22
Last Checked: Sep 22 at 9:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This two-bedroom duplex condo residence combines a townhouse-style layout with the convenience of a condominium setting. The upper level features a large corner living area, high ceilings, hardwood floors, and an eat-in kitchen with stainless steel appliances, a gas range, dishwasher, stone finishes, and a separate dining area. Two bedroom suites occupy the lower level, including a primary bedroom with double closets and a private full bathroom. The second bedroom has its own en-suite bath and opens to a private 10' x 19' patio. A vented washer/dryer and substantial storage add everyday functionality. The home contains 1,435 square feet and is part of an 8-unit condominium completed in 1887. The property is adjacent to Morningside Park and near Frederick Douglass Boulevard dining, neighborhood cafes, local markets, and the A, B, C, and D subway lines.
Key Highlights
- Two‑bedroom duplex condominium with 1,435 square feet
- Two bedroom suites, including a primary bedroom with double closets
- Three full bathrooms and a vented washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,897
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$897,940
$897.9K
Cap Rate 7%
$641,386
$641.4K
Cap Rate 9%
$498,856
$498.9K
Market Conditions
NOI Build-Up for 1,435 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.9K $59.88/SF
− Vacancy
−$4.3K −$2.99/SF
EGI
$81.6K $56.89/SF
− OpEx
−$36.7K −$25.60/SF
NOI
$44.9K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$897,940
Cap Rate 7%
$641,386
Cap Rate 9%
$498,856
Alternative Uses
Best Use
Apartment 5plus
$641.4K
$561.2K – $748.3K
NOI $44,897 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.57M
$3.13M – $4.17M
NOI $250,034 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Duplex condo residence with three full bathrooms, private outdoor space, and townhouse-style separation across two levels.
Where is this residential income property located?
The property is located at 361 Manhattan Avenue A New York City, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two‑bedroom duplex condominium with 1,435 square feet; Two bedroom suites, including a primary bedroom with double closets; Three full bathrooms and a vented washer/dryer
